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Property Description

harming SE Portland duplex-style fourplex on an oversized 0.44-acre lot, just off Division in the heart of one of the city's most desirable close-in neighborhoods. Two side-by-side garden-style duplex buildings each offer spacious 2-bed/1-bath townhome-feel units (approx. 1,125 sq. ft.) with in-unit laundry, dishwasher, and full appliance package, plus a rare mix of 6 attached garages and 6 off-street parking spaces - a huge draw for both tenants and future owner-occupants.Property is fully leased with long-term residents and a clean rent roll, producing steady income from both apartments and garage rentals, with 2026 year-to-date financials showing consistent cash flow and professionally managed operations. RM2 zoning and the large 18,971 sq. ft. site provide long-term flexibility for hold-as-is investors, small-scale value-add strategies, or future redevelopment.For investors, this is a turnkey asset in the Southeast Portland submarket, supported by strong employment, above-average household incomes, and robust multifamily fundamentals. For owner-occupants, it's a rare opportunity to live in one updated 2-bed unit with private garage and outdoor space while the other three homes help offset your mortgage - all within easy reach of Division/Hawthorne shops, Safeway, Eastport Plaza, Providence Portland Medical Center, and TriMet bus service just steps away.

Overview

Property Status
For Sale
Lot Size
0.44 Acres
MLS ID
473503293
Property Type
Multi-Family
Year Built
1977

Features & Amenities

Total Area
4,500 Sq.Ft.
View Description
Territorial
Stories
2
Water Source
Public Water
Roof
Shingle
Lot Features
Level
Parking
Attached, Paved
Heat Type
Baseboard
Air Conditioning
None
Sewer
Public Sewer
Substructure
Slab
Security Features
None
Elementary School
Glencoe
Middle School
Mt Tabor
High School
Franklin
Sales Price
$940,000
Real Estate Tax
$29,891/yr
Zoning
RM2

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2350 SE 42nd ST

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2350 SE 42nd ST
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